On March 3, data from Coinbob's address tracking showed that a whale engaged in "ETH trading waves" (address 0xa5b...1d41) accumulated 400 BTC long positions over the past 7 hours, valued at around $27.33M, with an average entry price of $68,425 and currently facing a floating loss of $26,000.
In addition, the address holds 70,000 ETH longs worth $140M, currently showing a floating profit of $1.3M.
Previously, this whale had built a multi-hundred-million-dollar ETH long position at the end of last year and fully exited in February with a holding size of approximately 60,000 ETH. Since then, the whale has started a new position, continuing its swing trading strategy with high-volume buys and sells.